2014 June

Debris Liability on the Road

06.17.2014
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Debris Liability

We all have a basic understanding of how driver liability works. If you cause an accident by violating traffic laws, it’s your responsibility. Run a red light, and you could be on the hook for all the costs of an accident. As business owners and managers, we demand that our drivers limit risk (and liability) by following the law. But there are many cases where fault isn’t so straight forward.

When a piece of debris causes damage or an accident, trucks are often accused of causing the debris to ricochet into the other vehicle […]

What happens when a small business owner dies or gets divorced?

06.2.2014
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A client recently asked, what happens to small businesses upon the death or divorce of an owner?  What documents should be in place prior to those events to smooth an ownership transition?  These questions can have many different answers depending on the facts of a specific situation, but here’s a general overview of the process, consequences, and ways to control ownership of a business if a death or divorce occurs:

 What happens to a small business if an owner dies?

The answer depends on the type of business.  If the business is a sole proprietorship […]